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Ináation expectations have recently received increased interest because of the uncertainty created by the Federal Reserveís unprecedented reaction to the Great Recession.The effect of this reaction on...
On the Relation Between the Variability of Inflation and the Average Inflation Rate.
Comments on ‘Relative Shocks, Relative Price Variability and Inflation’ by Stanley Fisher.
Comments onLabor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball.
The Inflation-Output Variability Tradeoff Revisited.
Comments on Athanasios Orphanides' The Quest for Prosperity without Inflation.
Recently there has been a signi"cant decline in the degree to which "rms &pass through' changes in costs to prices, a decline that is frequently characterized as a reduction in the &pricing power' o...
The effects of three different inflationary environments—high inflation, low inflation, and negative inflationon real output stability are examined by looking at the experiences of Japan and the U...
This paper documents the evolution of long-run inflation expectations and models the stance of monetary policy from 1965 to 1980. A host of survey-based measures and financial market data indicate t...
For comments and suggestions, we thank Olivier Blanchard, Markus Brunnermeier, John Campbell, Martin Feldstein, and participants at the NBER Asset Pricing and Monetary Policy Pre-Conference in Novem...
STATE-DEPENDENT OR TIME-DEPENDENT PRICING: DOES IT MATTER FOR RECENT U.S. INFLATION.
Reset Price Inflation and the Impact of Monetary Policy Shocks.
This article argues that the institutional mandates of central banks have an important influence on inflation outcomes in the advanced industrialized countries. Central banks that are also responsible...
We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two-thirds of the improved inflation performance of these n...
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...

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